Hello Riders!
NASDAQ and Bitcoin continue to move in parallel within a macro downtrend.
Personally, for the NASDAQ I am patiently waiting for some sign of a bounce on the weekly chart to re-enter medium-term positions.
For Bitcoin, we have reached a critical support level in the 17-20K zone so it is a good risk-reward zone for trades with low or no leverage. For a long term analysis please check last week newsletter In this edition I am going to focus on choosing 3 stocks and 3 altcoins that have caught my attention on the daily chart. $ADA
Sideways action consolidating above previous cycle ATH. 0.40 USD is the critical level for both longs and shorts.
$SOL
Money flow is increasing on this one while we are on it's historically highest volume zone. 25-28 USD would be a greate risk-reward buy zone. If it closes below be ready to short.
$MATIC This one seems on it's way down as money flow turned negative and it just printed a lower low. Will be looking for short opportunitites and revaluateif we approach the 0.52USD.
Reached a critical level. Will be watching this one very closely, there is a bounce signal active but if it fails then be ready to short this one (next support zone 87usd)
$AMD This one seems to be fourming a double bottom pattern at a critical support zone . 70-75 USD area seems very attractive for a quick bounce, I will set orders at 72 and 70 with stop loss at 68usd.. Failing to hold will create short opportunities.
$PG
It reached its highest volume traded zone while money flow is increasing. Will be accumulating here and revaluate if it goes below 130usd.
